Aus der Branche

AkzoNobel has been rated as a European Top Employer by the Top Employers Institute for the second consecutive year.

In the latest benchmark review, the company has been recognized in eight countries – Brazil, China, France, Germany, the Netherlands, Sweden, the UK and the US – all of them repeat certifications. AkzoNobel qualifies as a European Top Employer because five of the certified countries are in Europe.

Each year, the Top Employers Institute certifies organizations who are focused on putting people first through their HR policies. The survey covers six HR domains consisting of 20 topics, including people strategy, work environment, talent acquisition, learning, diversity and inclusion, and well-being.

The latest 2023 rating marks the second certification in a row for AkzoNobel in France, Germany and Sweden, the fourth for the Netherlands and the US, the seventh for Brazil, the tenth for China and the 11th for the UK.

Dr. Martin Čadek verantwortet seit November 2022 als neuer CTO der Schweizer SANITIZED AG die globalen technologischen Aktivitäten des Spezialisten für antimikrobielle Hygiene für Textilien, Kunststoffe sowie Farben und Lacke. Als Competence Center Technology & Innovation Leiter stehen im Fokus seiner Tätigkeit, Innovationen zu entwickeln, die marktgerecht sind und nachhaltigen Ansprüchen genügen.

Der promovierte Physiker mit einem Master in Polymerwissenschaften bringt eine langjährige Industrieerfahrung in den Bereichen Polymere und Additive, Fasern und technische Textilien sowie Polymerextrusion mit. Seine beruflichen Stationen verliefen über die SGL Group, Evonik/Orion als Global Head Innovation für Energy- und Polymer Systems, Emerell AG, als Head of Business Unit Extrusion Technology in Europa und den USA. Zuletzt war er für die Flint Group, weltweit einer der grössten Zulieferer der Druckindustrie, als Managing Director der deutschen Niederlassung und des Produktionsstandortes für flexible Polymerdruckplatten tätig.

Der Verantwortungsbereich von Herrn Dr. Čadek und seinem Team bündelt die Aktivitäten des hauseigenen TecCenters für Analytik, Mikrobiologie und Applikationen sowie die Bereiche Regulatorik, Produktentwicklung und Innovation. Das hierdurch entstandene Competence Center Technology & Innovation bedient alle drei Business Units von SANITIZED: Textil, Polymer Additive sowie Coatings und Preservation.

Highlights Grow & Deliver (compared with Q3 2021)

• Revenue up 19% and 14% higher in constant currencies1, pricing up 13%
• ROS2 at 6.4% (2021: 10.0%), resulting from lower volumes and higher raw material and freight costs, as well as inflation on operating expenses
• Adjusted EBITDA at €283 million (2021: €325 million)
• Q4 2022 adjusted operating income expected below €150 million

Highlights Q3 2022 (compared with Q3 2021)

• Pricing up 13%, offsetting the increase of raw material and other variable costs. Volumes 5% lower, mainly due to destocking in the distribution channels in Decorative Paints in Europe and in Performance Coatings, as well as lower market demand in China
• Operating income at €168 million (2021: €226 million), includes €16 million negative impact from Identified items (2021: €15 million net negative impact) and €17 million negative from the retrospective hyperinflation impact of the first half-year of 2022. OPI margin 5.9% (2021: 9.4%)
• Adjusted operating income3 at €184 million (2021: €241 million); excluding the retrospective impact of hyperinflation accounting at €201 million
• Net cash from operating activities decreased to an inflow of €126 million (2021: inflow of €290 million)
• Net income attributable to shareholders at €84 million (2021: €164 million)
• EPS from total operations at €0.48 (2021: €0.89); adjusted EPS from continuing operations at €0.57 (2021: €0.93)
• Interim dividend of €0.44 per share (2021: €0.44 per share)

AkzoNobel CEO, Thierry Vanlancker, commented: “Our €201 million adjusted operating income excluding the retrospective impact of hyperinflation accounting bring our Q3 results in line with the market update issued at the end of September. Sharply increased macro-economic uncertainties negatively impacted consumer confidence. This resulted in destocking across several distribution channels in decorative paints Europe and performance coatings, while the market in China was impacted by the ongoing zero COVID-19 policy. Thanks to the strong commitment of our teams, we continue to offset the impact of raw material and freight cost inflation with pricing. We’ve now delivered cumulative pricing of 22% over the last two years. The macro-economic turbulence is expected to continue well into next year. We’ve therefore decided to suspend our targets for 2023 and will provide further guidance when announcing our full-year 2022 results. In the meantime, we will continue to focus on our margin management and cost reduction initiatives.”

Two startups in India have won Paint the Future awards and the chance to continue working together with AkzoNobel to accelerate their solutions.

The winning submissions answered the company’s call for innovative ways to enhance the digital consumer experience for Dulux paints in India. The winners are:

• HyperReality Technologies - Collaborative platform for inspiration and visualization of a space in the metaverse
• Fluid AI - Multi-channel, conversational, immersive and interactive AI platform to guide consumers during their painting journey

Having already signed letters of intent to work together on sustainable business opportunities, the two winners now join AkzoNobel’s accelerator program.

The India startup challenge is the third regional edition of Paint the Future. Run in partnership with NASSCOM Industry Partnership Program (NIPP), the challenge attracted 207 submissions from 33 cities across India.

Nine finalists were invited to an intense two-day bootcamp program, where customized sessions with AkzoNobel experts helped them further refine their solution’s value proposition before the final pitch to the Paint the Future jury.

Unter der neuen Strategie ‚Empowering Vision Excellence‘ präsentiert ISRA VISION im Oktober 2022 auf der Kunststoffmesse K 2022 in Düsseldorf die neue Generation kamerabasierter Inline-Inspektionssysteme mit neuen Funktionen und intelligenten Softwaretools. Dazu gehört u.a. eine Kombilösung für die Prüfung unbedruckter und bedruckter Bahnware.

Die neue Generation der Software-Plattform ‚Cloud Xperience‘ mit einem auf KI (künstlicher Intelligenz) basierenden Ansatz für das Clustering bei der Fehlerklassifizierung sowie eine intelligente Softwarelösung zur Prozess- und Zustandsüberwachung in Echtzeit ergänzen das Portfolio an Inspektionslösungen. In der Herstellung und Weiterverarbeitung von Kunststoffbahnen und Beschichtungen eingesetzt, optimieren diese Neu- und Weiterentwicklungen den Bedienerkomfort und den Anwendernutzen.

DualSTAR ist ein neues System, das den Workflow in der Herstellung und der Veredelung flexibler Verpackungen weiter optimiert. Auf Grund der Möglichkeit, je nach Auftrag zwischen ‚Oberflächen‘- und ‚Druck‘-Inspektion umzuschalten, kombiniert es als bisher weltweit einzige Lösung die Inspektion von unbedruckten Folien, Laminaten und Coatings sowie von bedrucktem Material in einem einzigen System. Hierdurch spart der Converter bzw. Laminierer erhebliche Investitionskosten, da er sich nur noch für ein System entscheiden muss.

Die Komponente ‚Oberflächeninspektion‘ übernimmt die automatische Detektion und Klassifikation aller relevanten Fehler bei der Herstellung unbedruckter, transparenter, opaker, eingefärbter und transluzenter Bahnware. Bei bedruckter Ware kontrolliert der DualSTAR kontinuierlich die Qualität des Druckbildes, der Laminierung und der Beschichtung. So sorgt dieses System für eine Prozessoptimierung entlang der gesamten Wertschöpfungskette. Dank der 100%-Inline-Inspektion ergeben sich Vorteile hinsichtlich Qualität und Kosten.

Bodyshops can now take advantage of the vehicle refinish industry’s first repair calculator to measure, manage and reduce carbon emissions, which has been developed by AkzoNobel.

Designed to help customers improve their carbon footprint when using the company’s premium refinish products, the CO₂eRepairCalculator* is part of a new initiative which aims to encourage bodyshops to become more sustainable.

The tool is the latest digital innovation from AkzoNobel focused on making a long-lasting difference to customers. It identifies the carbon levels associated with the painting and drying process – including the energy consumed – and is linked directly to the vehicle refinishing products being used. It also provides data relating to the emission of volatile organic compounds (VOCs), therefore helping customers to understand where improvements can be made.

When using the tool, the emissions and energy consumed are calculated based on a controlled two-panel repair in a spray booth to Greenhouse Gas Protocol accounting standards. The results are presented in an online dashboard, which allows local energy prices to be factored in.

The launch means it will now be easier for bodyshops to take positive action in an effort to meet their sustainability and carbon reduction targets. This is becoming increasingly important, as insurance companies are putting greater pressure on preferred bodyshop partners to cut their emissions in line with supply chain ambitions that meet the UN Sustainable Development Goals.

The CO₂eRepairCalculator is currently being introduced in the UK market to Sikkens customers (with Lesonal to follow shortly). It will be rolled out across markets in Europe during the next few months.

*CO₂e stands for carbon dioxide and equivalent gases. The tool measures carbon dioxide (CO₂) and equivalent gases such as methane (CH₄) and nitrous oxide (N₂O), which all fall under the term greenhouse gases (GHGs).

AkzoNobel has invested in a new production line for water-based texture paints at its Songjiang site in Shanghai, China – boosting capacity for supplying more sustainable products.

The site is one of four water-based decorative paints plants in China and among the company’s largest globally. The new 2,500 square meter facility will produce Dulux products for various markets, such as interior decoration, architecture and leisure.

The coatings industry in China is expected to continue expanding, largely driven by the country’s increasing focus on energy conservation and emission reduction. The production of low VOC, water-based paints will therefore need to keep expanding to meet the demand.

Nearly €7.5 million has been invested in the Songjiang site since the start of 2021. The new production line features an advanced system which lowers VOC emissions. Other recent projects include introducing new solar energy systems and a more automated high-speed filling line.

AkzoNobel has updated its Q2 outlook based on the impact of the evolving business environment, including the effect of China lockdowns and the slower start to the EMEA DIY season.

Overall demand signs for paints and coatings remain robust, with North America still constrained in raw material availability and logistics, but sequentially improving. In Europe in particular, macro-economic uncertainty related to consumer confidence has increased.

Consumer demand in the Deco DIY channels in Europe – which represent 40% of total Deco EMEA revenue – got off to a slow start in Q2, subsequently impacted by inventory reductions in the DIY channel. In June, Deco DIY channel demand improved back to 2019 levels. Despite share gains and our Deco Professional business performing as anticipated, the total Q2 operating income for our Decorative Paints segment is expected to be down by approximately €50 million versus expectations entering the second quarter.

COVID-19 lockdowns in China during Q2 impact both paints and coatings. This impact was mainly on our coatings business, while paints was able to almost offset by progressing with its geographical expansion initiatives. The re-opening in June is showing a positive rebound, but not enough to catch up on all the missed revenue in the quarter, resulting in a negative operating income impact of approximately €40 million for the quarter, versus expectations entering Q2.

AkzoNobel continues to focus on achieving its €2 billion adjusted EBITDA target for 2023, despite the volatile market environment having a material impact on the company’s Q2 2022 financials.

AkzoNobel is to further strengthen its African footprint after reaching an agreement with Kansai Paint to acquire its paints and coatings activities in the region. Completion, which is subject to regulatory approvals, is expected during the course of 2023.
 
Present in 12 countries in Africa, Kansai Paint has regional consolidated revenue of around €280 million. The transaction includes the Plascon brand, which has more than 100 years of heritage in South Africa. Together with our own Dulux brand, they’re the longest-established paint brands in the region. The intended acquisition also includes automotive and protective coatings, and coatings for wood and coil.
 
“Acquiring Kansai Paint’s activities in the region will help us to further expand our paints and coatings business in Africa and provide a strong platform for future growth,” says AkzoNobel CEO, Thierry Vanlancker. “Kansai Paint shares our commitment to innovation and sustainability, and we look forward to combining our expertise, which will result in a wider range of innovative products and more sustainable solutions for our customers.”
 
Adds Kunishi Mori, Kansai Paint’s president: “We are convinced that AkzoNobel is the best owner as AkzoNobel considers the decorative paints business as a core business and will therefore be able to unlock the full potential of the business, thereby contributing to the development of the African economy.
 
”For Prejay Lalla and Arvind Shekhawat, Chief Executive Officers of KPAL and KPEA (the respective Africa entities being sold by Kansai Paint in this transaction), this agreement is an opportunity to further enhance growth. “We believe that AkzoNobel will be the owner who will elevate the business to the next level as AkzoNobel is willing to invest in ESG, is committed to innovation, workforce development and broader career opportunities as well as the long-term success of its paint businesses in Africa.”
 
The intended acquisition follows on from a series of recent acquisitions by AkzoNobel across paints and coatings over the last two years, including Titan Paints in Spain and Portugal, New Nautical Coatings in the US and, most recently, Grupo Orbis in Latin America.

A boundary-pushing approach to hacking carbon reduction challenges has been established by AkzoNobel and partners from across the extended value chain following the company’s first ever global Collaborative Sustainability Challenge.

During 24 hours of intense discussion at the pioneering event a series of high impact exploration teams was set up. Those involved will now continue to work together in a determined effort to collectively accelerate the reduction of carbon emissions in the paints and coatings industry.

The participants – represented by senior and next generation leaders – hacked four key areas: energy transition, process efficiency, solvent emissions and circular solutions. It resulted in 27 partners signing up, including suppliers, customers and end-users, as well as representatives from finance, government, service providers and consultancies.

AkzoNobel has set science-based sustainability targets to halve its carbon emissions across the full value chain by 2030. Achieving that ambition will rely heavily on collaborating with partners and challenging each other to find innovative ways to overcome the unprecedented challenges everyone faces.